NEW LAUNCHES: Latest and announced maiden fund launches

A host of notable hedge-fund startups are
expected to begin operating in 2014, each
with at least $500 million-and in one case
$2 billion-to invest. Bankers and lawyers
who work with such funds told the Wall Street Journal
this is likely to be the busiest year for launches since
the financial crisis.

The Journal cites Mr. Parsons, who was a top portfolio manager at Viking and
who launched Junto Capital
Management LP Jan. 1 in
New York with roughly $500
million; Yen Liow(formerly
of Ziff Brothers Investments,
a multibilliondollar firm that is shutting down its internal hedge fund), who raised more than
$1 billion for his global stock-focused hedge fund
Aravt Global, which started trading this month in
New York; Mr. Wagner, the co-portfolio manager at
Baupost with founder Seth Klarman until he left in
2012, whose Boston-based Finepoint Capital LP is
expected to launch in May with $2 billion, including
a significant investment from Mr. Wagner himself;
and Paritosh Gupta, who for eight years was a
managing director at $3.5 billion hedge-fund firm
Brahman Capital Corp., and who this month started
his own fund focused on the outcomes of mergers,
acquisitions, spinoffs and management changes.

"It's a leap of faith, but you're betting on yourself," Mr.
Gupta, 35, who started stock hedge fund Adi Capital
Management LLC in January with $120 million ($100
million of it from Chicago-based Aur......................